Category Archives: Business

Mahindra’s Chakan Manufacturing Facility Rolls Out its Three-Millionth Vehicle, the BE 6

Bengaluru, July 16:Mahindra & Mahindra Ltd. today announced that its State-of-the Art Chakan manufacturing facility has crossed the landmark cumulative production milestone of three million vehicles. The milestone vehicle was the BE 6, Mahindra’s most advanced flagship electric SUV, reflecting the facility’s evolution into a future-ready manufacturing hub supporting both internal-combustion and electric mobility.

Since rolling out its first vehicle in December 2009, Chakan has evolved into one of Mahindra’s most strategically important manufacturing facility. Achieving its latest one million in just 27 months, nearly four times faster than the first million.

R Velusamy, President – Automotive Business, Mahindra & Mahindra Ltd., said, “The rollout of our three-millionth vehicle, the BE 6, from Chakan marks a proud milestone in Mahindra’s manufacturing journey. The acceleration from 107 months for our first million vehicles to just 27 months for the latest million reflects the growing trust of our customers and the unwavering commitment of our people, partners, and suppliers. Chakan combines Industry 4.0, artificial intelligence, IoT, 5G connectivity, advanced robotics, digital traceability, and flexible multi-model manufacturing, underpinned by Lean and TPM practices. Together, these capabilities enable us to deliver world-class quality, agility, and scale while advancing responsible manufacturing. As we continue to build world-class products in India for India and the world, Chakan will remain at the heart of our manufacturing excellence.”

Flexibility at Scale: One Integrated Manufacturing Hub

Spread across 657 acres, Chakan manufactures 19 models and over 450 variants across ICE passenger vehicles, electric vehicles and commercial vehicles.

Intelligent Manufacturing: A Future-Ready Ecosystem

The Chakan facility combines advanced manufacturing technology with Lean and Total Productive Maintenance methodologies to drive quality, flexibility and operational excellence.

•Smart manufacturing: Industry 4.0, AI, IoT, 5G connectivity and digital traceability across operations.

•Automation at scale: Approximately 1,500 robots, over 98% automation in body-shop, along with robotic painting and sealer application.

•Quality built-in: 3D component scanning, real-time weld-integrity monitoring and interlocked “No Fault Forward” quality gateways.

•Flexible operations: Seven multi-model assembly lines and synchronised autonomous mobile robots for material movement.

•AI-enabled safety: Real-time monitoring of personal protective equipment compliance and shop-floor safety.

•Sustainability at the Core: Responsible Manufacturing at Scale

•More than 50% of the plant’s energy requirement is met through renewable energy, while electric-vehicle manufacturing at the facility operates on 100% renewable energy.

•The facility is water positive, returning the equivalent of 131% of the water it utilises back to nature, supported by annual rainwater recharge of approximately 9.91 lakh kilolitres.

•Chakan is also certified as Zero Waste to Landfill and is nearing the achievement of its EP100 commitment to double energy productivity.

Built in India, for the World: Supporting Mahindra’s Global Growth

Almost all vehicle models manufactured at Chakan support Mahindra’s international operations, with exports to global markets including South Africa, Australia and New Zealand.

Infrastructure, Institutions & Industry – Moshi–Bhosari’s Triple Engine Real Estate Growth

– by Anil Pharande, Founder & Chairman – Pharande Spaces

Moshi, Bhosari and the Moshi Pradhikaran area occupy the eastern edge of Pune, along the Pune–Nashik highway and the contiguous industrial belt of Bhosari. Until recently, this corridor was regarded primarily as an industrial and peripheral zone. Over the last decade, however, it has begun to function as an emerging urban sub-hub, supported by a combination of institutional, civic and large-scale infrastructure projects.

Price Growth Trends

Property prices in the Moshi–Bhosari corridor have moved from a low-base, slow-growth phase to a more sustained appreciation trajectory. In Moshi, average residential rates in 2025–26 were in the range of INR 4,700/sq.ft. to INR 7,200/sq.ft., with a five-year capital appreciation of approximately 17.5%. This reflects a steady, multi-year upward trend rather than a speculative spike.

Bhosari, in the same period, shows a price range of roughly INR 5,000/sq.ft. to INR 6,200/sq.ft. for residential properties. The area has appreciated at a rate comparable to the broader Pimpri–Chinchwad corridor, which has seen around 17% cumulative growth over five years. The fact that Bhosari is now tracking this price band shows that the micro-market has moved beyond its earlier peripheral status.

Across the wider Pimpri–Chinchwad belt, records indicate an average appreciation of 17% over five years, with older micro-markets showing more moderate gains and newly emerging nodes demonstrating higher growth. Moshi and parts of Bhosari appear to be positioned within this higher-growth segment, given their infrastructure-led re-rating.

IIM-Nagpur Campus – The Education Anchor

The state government has approved 70 acres of gairan land at Moshi for a Pune campus of IIM-Nagpur. This decision introduces a high-prestige educational anchor into the area. Institutional campuses of this nature typically generate sustained demand for housing, retail, hospitality and support services, and they also improve the perceived quality of the location.

In comparable cases across India, the announcement and construction of a new IIM or similar elite institution have been associated with 10–20% price appreciation in the immediate vicinity within three to five years. In Moshi, the long-term effect is likely to be the emergence of a mixed-use education node, with residential pockets orientated towards faculty housing, student accommodation and related services.

PIECC – The Exhibition-driven Multiplier

The Pune International Exhibition and Convention Centre (PIECC) is already operational. Its open exhibition area hosts 12 to 15 exhibitions annually, and the master plan includes constructed exhibition halls and a 5,000-seater convention centre. Exhibition and convention complexes function as demand agglomerators, creating footfall for hospitality, retail, logistics and event-related businesses.

Historically, areas within 2–4 km of established exhibition nodes have seen 12–18% appreciation over five to seven years, provided that road connectivity and public services are adequate. In Moshi, the PIECC project is expected to generate both direct commercial demand and indirect residential uplift, as professionals employed in the hospitality and event sectors seek housing nearby.

Engineering Colleges, Judicial Infrastructure & 650-bed Hospital

The broader development proposal for the Bhosari–Moshi constituency also includes an engineering college, a judicial complex and a 650-bed hospital. Engineering colleges bring a steady stream of students and academic staff, supporting rental housing and small businesses. Judicial complexes attract lawyers, clerks and administrative personnel, who often prefer to live close to the workplace.

Large hospitals, in turn, create thousands of jobs across clinical and non-clinical functions, generating consistent demand for residential and retail space.

In similar contexts within Pune and other Maharashtra cities, the establishment of a multi-speciality hospital or a legal complex has been associated with 10–15% appreciation in nearby residential markets over three to five years. If these projects materialise in Moshi, the area could see a comparable range of uplift, particularly in the node immediately surrounding the proposed institutions.

Tata Motors – Industrial Power Anchor

Bhosari has long been an established industrial hub, with chemical plants, auto component manufacturers and warehousing facilities. The Tata Motors plant near Moshi serves as a prominent employment anchor, providing thousands of jobs and supporting a large indirect workforce.

Industrial anchors typically generate stable, long-term demand for housing, schools, clinics and retail, reducing the volatility often seen in purely speculative markets.

Experience from industrial belts such as Chakan, Kalamboli and parts of Greater Noida suggests that areas within 3–5 km of large anchor plants often realise 15–20% appreciation over five years, particularly when supported by improved road infrastructure.

The Spine Road and the proposed Charholi link are expected to strengthen this dynamic, making the Moshi–Bhosari corridor more accessible for daily commuters and reducing the stigma historically associated with industrial zones.

Infrastructure-led Price Growth 

The cumulative impact of these projects can be understood through the concept of infrastructure-led re-rating. Better connectivity, institutional presence and civic amenities reduce the effective distance of a location from employment and activity centres, thereby increasing its attractiveness to both home buyers and investors.

Based on observed patterns in similar corridors, the following rough ranges of future appreciation may be expected over a five-year horizon, assuming timely implementation:

• Moshi – This market can see an additional 15–20% appreciation over the next five years, following a 17.5% increase due to IIM infrastructure, PIECC-related activity, educational institutions, and a large hospital.
• Bhosari – Starting from a price range of INR 5,000/sq. ft to INR 6,200/sq. ft, industrial expansion, improved road networks and spill-over demand from Moshi’s institutional projects could support 12–18% appreciation over five years.
• Moshi Pradhikaran Node – This area, positioned near the proposed IIM campus and PIECC, has the potential to emerge as a premium mixed-use node. If the planned institutions and infrastructure are delivered as envisaged, 18–25% appreciation over five to seven years is a plausible range.

(The above projections are indicative ranges based on developments in Pune and other Indian cities.)

A Corridor in Structural Transition

The Moshi–Bhosari corridor is transforming into an integrated urban market in its own right. The presence of industrial giants, educational infrastructure, the ongoing expansion of PIECC, and planned civic institutions collectively create a multi-anchor growth model. Road infrastructure upgrades, including the Spine Road and the upgraded Pune–Nashik highway, further enhance connectivity and reduce commute friction.

The price data and growth trends observed in Moshi and Bhosari suggest that the area is already undergoing a structural re-rating. If implemented continuously, the planned projects will establish the eastern edge of Pune as a key growth corridor, blending industry, education, events, and residential development.

The Moshi–Bhosari corridor is already transforming into an integrated urban market in its own right. The presence of industrial giants, educational infrastructure, the ongoing expansion of PIECC, and planned civic institutions collectively create a multi-anchor growth model. Road infrastructure upgrades, including the Spine Road and the upgraded Pune–Nashik highway, further enhance connectivity and reduce commute friction.

The price data and growth trends observed in Moshi and Bhosari show that the area is already undergoing a structural re-rating. With consistent implementation of the planned projects, the eastern edge of Pune will emerge as a key growth corridor – blending industry, education, events, and residential development into an unbeatable investment magnet.

About the author:

Anil Pharande is Chairman of Pharande Spaces, a leading real estate construction and development firm famous for its township projects in Greater Pune and beyond. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company. Established in 1994, the company has built a substantial footprint over three decades by transitioning from standalone bungalows to premium gated communities and massive integrated townships and high-grade commercial office and retail projects. Pharande Spaces is are widely recognized for its focus on systematic town planning, green living concepts, and high-quality construction .

India’s No.1 Exchange & India’s No.1 Gold Platform Come Together to Transform India’s Gold Ecosystem Through Electronic Gold Receipts (EGRs)

 Augmont – One of India’s leading integrated gold platform to serve as a key liquidity and infrastructure partner for NSE’s EGR segment — driving creation, redemption, lending, and price discovery

Mumbai, 16 July 2026: Augmont Enterprises Limited, one of India’s leading integrated gold platform, on 15 July announced a historic strategic tie-up with the National Stock Exchange of India (NSE), marking a significant milestone in the evolution of India’s organised bullion market. The collaboration aims to accelerate the adoption of Electronic Gold Receipts (EGRs) – a SEBI-regulated, exchange-traded instrument that converts physical gold into a dematerialised security held in investors’ demat accounts.

As part of the strategic tie-up, Augmont will deploy its comprehensive ecosystem for EGR creation, redemption, liquidity provision, delivery and price discovery—bringing together its 4.2 crore+ registered users, 4,975+ jeweller network on the SPOT platform, 4,600+ retail touchpoints, 80+ Gold For All stores, and API integrations with leading stockbrokers and financial service providers. Augmont is an India Good Delivery accredited refiner, empanelled across exchanges including MCX for futures delivery across all gold contracts, and is an authorised participant for gold ETFs—creating a natural bridge between the ETF and EGR ecosystems.

India’s UPI Moment for Gold

Just as UPI transformed payments by creating a secure, interoperable and regulated digital infrastructure, EGRs have the potential to do the same for gold. They enable physical gold to be held, traded, pledged and lent through a single exchange-regulated framework, unlocking the economic value of India’s vast household gold holdings and bringing them into the formal financial system.

India holds an estimated 30,000–35,000 tonnes of gold in private hands. Yet this wealth has remained economically idle. Each EGR represents direct ownership of physical gold at exchange-determined prices, while depositors retain full price exposure and can earn a return by lending their gold to jewellery manufacturers through NSE’s Securities Lending and Borrowing (SLB) platform.

The implications for India’s import bill are significant. Gold imports reached an all-time high of USD 71.98 billion in FY26, accounting for nearly 9.2% of total merchandise imports. By channelling domestically held gold to manufacturers via the SLB mechanism, EGRs can reduce India’s dependence on imported bullion, easing pressure on the current account deficit while creating a multiplier effect for the economy without the government having to pay interest.

A Product Without Parallel

EGRs are among the world’s first exchange-traded, physically-backed gold instruments to integrate refining, vaulting, trading, lending and physical redemption within a single regulated framework.

EGRs combine exchange regulation, transparent price discovery, guaranteed settlement and an integrated lending mechanism, creating a significantly larger opportunity in a market like India.

Shri Sriram Krishnan, Chief Business Development Officer (CBDO), NSE, said:

“The NSE EGR framework has been created to establish a transparent, efficient and exchange-regulated marketplace for physical gold in India. As more participants join the ecosystem, the market will benefit from improved liquidity, greater standardisation and wider investor participation. The empanelment of refiners and participation of liquidity providers are key building blocks in developing a trusted and robust bullion market infrastructure.”

Quote from Ketan Kothari, Whole-time Director, Augmont Enterprises Limited

“EGRs will change the way Indians deal with physical gold. Combining the best of ETFs and digital gold, EGRs for the first time bring together the commodity, currency and financial asset dimensions of gold in a single instrument — letting you trade it like a share, redeem it as a coin or jewellery from your trusted jeweller, lend it to earn a return, or borrow against it — all within a SEBI-regulated framework. No other gold product anywhere in the world offers that versatility. At Augmont, we have built the infrastructure for exactly this moment, and we are committed to deploying our entire ecosystem of jewellers, retail touchpoints and broker integrations to make gold a truly productive asset for every Indian household.”

Quote from Surendra Mehta, National Secretary, India Bullion and Jewellers Association (IBJA)

“EGRs will be 100x of what the tokenised gold market is today. They offer something no blockchain-based gold product can: exchange-traded price discovery, guaranteed settlement, standardised quality, and a lending mechanism that channels idle gold directly to the manufacturers who need it.

Globally, people thought blockchain-based currencies would transform money. None of them have come close to what UPI has done. EGRs will show the world how standardised gold should be dealt with—across its entire lifecycle, from mine to market to consumer and back. India didn’t just adopt digital payments; India defined the global standard. With EGRs, India will do the same for gold.”

4th Edition of Abu Dhabi Maritime Awards to Spotlight Exceptional Marinas in Middle East—North Africa—Türkiye Region

Abu Dhabi, UAE – 16 July 2026: In collaboration with the Integrated Transport Centre (Abu Dhabi Mobility), an affiliate of the Department of Municipalities and Transport, Abu Dhabi Maritime, part of AD Ports Group, has announced the opening of submissions to the 2026 Abu Dhabi Maritime Awards, set to culminate in a prestigious ceremony during the Abu Dhabi International Boat Show, scheduled to take place from 19–22 November 2026.

Founded in 2023, the Abu Dhabi Maritime Awards aim to bring recognition to the vibrant marina industry across the Middle East, North Africa, and Türkiye (MENAT region), and to set new benchmarks for excellence in marina management and operations across 12 award categories. Submissions for the fourth edition are open to all licensed marina owners and operators across the MENAT region. 

Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre, said: “The Abu Dhabi Maritime Awards support the Integrated Transport Centre’s vision to deliver world-class, sustainable infrastructure that enables mobility and drives economic growth. The fourth edition reflects our continued confidence in the strength, competitiveness, and future potential of the regional marina industry, while reinforcing Abu Dhabi’s standing as a leading global maritime hub. Through this awards programme, we aim to foster the innovation and collaboration that will motivate progress across the industry.” 

Captain Saif Al Mheiri, Abu Dhabi Maritime CEO and Group Chief Sustainability and Risk Officer at AD Ports Group, said: “The Abu Dhabi Maritime Awards continue to serve as a powerful platform for recognising excellence and driving progress across the marina ecosystem in the MENAT region. By celebrating organisations, projects, and individuals, the awards highlight the collective efforts shaping a more resilient, innovative, and sustainable maritime sector. At AD Ports Group and Abu Dhabi Maritime, we remain committed to enabling this growth and strengthening Abu Dhabi’s position at the forefront of global maritime development.” 

The fourth annual edition of the Abu Dhabi Maritime Awards consists of organisation, project, and individual-based categories – a holistic approach that recognises the institutions, initiatives, and people shaping the regional industry. 

Five core organisation-based categories recognise achievements in “Customer Experience,” “Employer Excellence,” “Health & Safety,” “Innovation,” and “Sustainability.” 

The top “Outstanding Marina Award” is presented to the marina that demonstrates excellence across all five organisation-based categories.

Marinas that apply to the Outstanding Marina Award are automatically entered into the five core organisation-based categories. The winner of this top accolade will not be eligible to win other organisation-based categories to ensure equitable opportunity for all participating marinas.

Three project-based categories reward targeted initiatives. The “Sustainability Project,” “Innovation Project,” and “Wellbeing Project” Awards celebrate successful standalone projects rather than overall organisational performance.

The three individual-based categories – the “Outstanding Leader Award,” “Outstanding Service Hero Award,” and “Rising Star Award” – honour the people who inspire their colleagues, customers, and communities through remarkable performance and meaningful contributions.

Finally, the 2026 programme will include the returning “Most Popular Marina” recognition, determined by public vote via a secure online portal opening in October.

Marinas and individuals are invited to apply now by creating a profile on the Abu Dhabi Maritime Awards website. More information on the awards programme, criteria, and application and assessment processes is also available on the website and through its applicant portal.

TRC Consulting Launches Leadership Advisory Board (LAB)

New Delhi, July 15: Strengthening its dedication to collaborative development and forward-thinking leadership, TRC Consulting has declared the establishment of the Leadership Advisory Board (LAB) based on the principle of ‘Let’s grow together.’ This undertaking unites a prominent team of experienced industry leaders who will assist the firm in fulfilling its vision in terms of strategy and growth.

From TRC Consulting’s point of view, effective business growth is possible only due to teamwork, diversity of perspectives and permanent learning, which is the reason for establishing the Leadership Advisory Board. Its goal to enhance value for its customers is going to be achieved through joining forces with experts on finance, education, law and governance, wealth management, and so on.

The establishment of LAB has brought together successful business specialists like Sanjay Lakhanpal, Parikshit Sen Gupta, Manan Chadha, Manu Sharma, Ashish Bansal, Rohit Suri, and Richard Pinto, who are all professionals in their areas with years of management experience. Their knowledge in business will help TRC Consulting not only make wise decisions but also introduce new ideas into business models and execute smart decisions. 

Working alongside the Advisory Board is TRC Consulting’s Internal Board, comprising Ankit Chadha, Managing Director; Kshitij Goel, Director – Valuation; Sagar Chatterji, Director – Chief of Growth; Shivali Tandon, Director – People & Culture; Viral V. Jhonsa, Director – Governance, Risk & Compliance (GRC); and Pankaj Kumar, Associate Director – Asset Management Services (AMS). Together, the Internal Board and the distinguished Leadership Advisory Board embody TRC’s “Let’s Grow Together” philosophy by transforming collective wisdom into action, fostering innovation, strengthening leadership, and driving sustained growth for the firm and its clients.

While commenting on the initiative, Ankit Chadha, Managing Director, TRC Consulting stated, “Our Leadership Advisory Board is a testament to our belief in growing together. It unites distinguished leaders whose collective experience and strategic insights will challenge perspectives, unlock opportunities, and guide our long-term vision. Together, we will deliver greater value for our clients, foster excellence within our teams, and build a stronger organisation.”

The establishment of the Leadership Advisory Board (LAB) is another fundamental step of TRC Consulting towards a more enduring future of collaboration, where shared experience, trustworthy leaders, and collaborative wisdom will ensure the steady excellence of the company’s performance.

Enerpac Introduces Lightweight Electric Hydraulic Torque wrench pump for Remote and Hard-to-Access Worksites Portable performance wherever you need it

India July 15: Enerpac, a global leader in high-pressure hydraulic tools, controlled force products, and heavy lifting solutions, today announced the launch of its newest innovation, the “LU-Series Lightweight Electric Hydraulic Torque Wrench Pump,” a compact, portable, and purpose-built solution designed to improve safety, efficiency, and ease of use in intermittent bolting applications.

Engineered for maintenance, repair, and field-service operations, the LU-Series addresses a longstanding industry challenge: the use of large, continuous-duty hydraulic pumps for smaller, localized torque applications. By delivering the performance required for critical bolting tasks in a significantly lighter, more compact design, the LU-Series helps maintenance crews work more efficiently across remote and demanding industrial environments. The LU-Series weighs just 15 kg when empty, making it one of the lightest pumps in its class. This lightweight, compact design, combined with balanced lifting points and ergonomic handling features, enables operators to transport, position, and set up the equipment more easily in confined spaces, elevated work areas, and remote industrial locations. As a result, maintenance teams can move equipment more easily, simplify deployment in challenging work environments, and complete bolting tasks more efficiently, helping minimize downtime and accelerate maintenance schedules. Specifically calibrated for torque wrench duty cycles, the pump delivers reliable performance without the size, weight, and complexity of conventional hydraulic pumping systems, supporting greater operational productivity and ease of use in the field. 

Built for real-world industrial conditions, the LU-Series features a rugged roll-cage design, reinforced front protection, and an over-temperature monitoring system that helps safeguard equipment performance during operation. The pump is tested to more than 50,000 cycles and operates in temperatures ranging from -34°C to 50°C, ensuring dependable performance across a wide range of applications and environments.

As India continues to expand investments across renewable energy, oil and gas, mining, and large-scale infrastructure projects, maintenance teams are increasingly required to operate in remote and difficult-to–access locations. Designed with portability at its core, the LU-Series enables technicians to easily carry and deploy the pump at wind turbine sites, offshore platforms, mining operations, and industrial facilities where transporting heavier conventional pumps can be challenging. Its lightweight design helps simplify maintenance activities while improving operational efficiency in the field.

“Industrial maintenance teams often work in locations where transporting heavy hydraulic equipment is both time-consuming and challenging. Whether it is servicing wind turbines, supporting mining operations, maintaining offshore assets, or carrying out maintenance activities in remote industrial facilities, operators need equipment that is lightweight, portable, and easy to deploy,” said  Anindya Pal, Director, Enerpac India. “The LU-Series was designed specifically to address these challenges, delivering the performance customers expect in a compact form factor that can be carried wherever the job demands. By combining portability, durability, and reliability, the LU-Series helps maintenance teams improve productivity and execute critical bolting operations more efficiently.”

The LU-Series delivers hydraulic pressure up to 700 bar and is compatible with Enerpac‘s range of hydraulic torque wrenches, making it suitable for a broad spectrum of controlled bolting applications. By significantly reducing the physical effort required to transport and position conventional 30–40 kg pumps, the LU-Series enables faster deployment and greater flexibility for maintenance crews operating in remote and demanding environments. The product is available globally through Enerpac‘s distributor network and is backed in India by local service support and operator training through the Enerpac Academy in Bengaluru.

As industries continue to prioritize worker safety, operational uptime, and maintenance efficiency,  the LU-Series further strengthens Enerpac‘s comprehensive bolting portfolio and reinforces its commitment to delivering innovative solutions that help customers perform some of the world’s most demanding industrial tasks safely and efficiently.

India Accelerates Clean Energy Push with Bids Invited for 10 GWh Advanced Battery Manufacturing Capacity

July 15: The government has invited bids for establishing giga-scale Advanced Chemistry Cell (ACC) battery manufacturing facilities with a combined capacity of 10 GWh, marking a significant move to strengthen India’s clean energy and advanced manufacturing capabilities.

The initiative is aimed at creating a strong domestic ecosystem for next-generation battery technologies, reducing reliance on imports, and supporting the rapidly growing demand for energy storage solutions in sectors such as electric mobility, renewable energy, and industrial applications.

Through the bidding process, the government seeks to encourage investment in large-scale battery manufacturing and promote innovation across the energy storage value chain. The proposed facilities are expected to boost production capacity, generate employment opportunities, and support the development of related industries.

ACC batteries are a key component in the transition towards cleaner transportation and sustainable energy systems. Building domestic manufacturing capabilities in this sector will help India strengthen its position in the global clean technology landscape.

The initiative is part of the government’s broader efforts to promote self-reliance in strategic technologies, accelerate the adoption of electric vehicles, and create a future-ready energy ecosystem.

The development of giga-scale battery manufacturing facilities is expected to provide fresh momentum to India’s green growth ambitions while opening new opportunities for industry and innovation.

Regency Fincorp Board Approves Issuance of INR 40 Crore Secured NCDs to Strengthen Capital Base

Zirakpur, 15th July: Regency Fincorp Limited, a leading NBFC focused on providing accessible and customer-centric financial solutions, today announced that its Board of Directors, at a meeting held on July 14, 2026, approved the issuance of Secured, Rated, Listed, Non-Convertible Debentures (NCDs) aggregating up to ₹40 crore on a private placement basis. The proposed issuance will further strengthen the Company’s capital base and support its ongoing focus on secured lending and portfolio growth.

Commenting on the board’s approval, Mr. Gaurav Kumar, Managing Director, Regency Fincorp Limited, said: “This approval marks another step in strengthening our capital base as we continue to scale our secured lending franchise. Raising funds through a rated, secured NCD structure reflects the confidence our lenders place in Regency Fincorp’s governance and credit discipline. As India’s NBFC sector continues to evolve, we remain focused on building a diversified funding profile that supports sustainable, long-term growth while staying true to our core mission of expanding access to credit for MSMEs and underserved borrowers.”

Key Appointments for the Issuance

To facilitate the NCD issuance, the Board approved the appointment of Catalyst Trusteeship Limited as Debenture Trustee, Credora Partners Private Limited as Merchant Banker, and Infomerics Valuation and Rating Limited as Credit Rating Agency.

The White One Production Enters the Entertainment Industry with a Focus on Artist Management and Creative Productions

The launch soirée in Gurugram brought together artists, industry leaders, creators and entertainment professionals to celebrate the company’s vision for the future of India’s creative ecosystem

(L-R) Shekhar Sharma (Co-Founder, The White One Production) with Saurabh Singh Parihar (Founder, The White One Production)

Gurugram, July 15: The White One Production successfully celebrated its official launch with an exclusive evening of music, networking and entertainment at Club Diego, Gurugram. The event marked the beginning of the company’s journey as an integrated platform for artist management, music production, video production, branded content and live entertainment. The launch brought together a vibrant mix of artists, creators, entertainment professionals, brand partners, influencers and industry stakeholders, who gathered to celebrate the company’s vision of creating meaningful opportunities for emerging talent while delivering world-class creative and entertainment experiences. The evening featured immersive performances, curated entertainment, premium hospitality and engaging conversations that reflected The White One Production’s commitment to building a collaborative ecosystem where artists, brands and audiences come together through creativity and innovation.

Designed as more than just a launch celebration, the event showcased the company’s integrated approach to entertainment—combining artist development, music and video production, live experiences and strategic collaborations under one unified platform. The White One Production represents an exciting roster of Indian and international electronic music artists, including internationally acclaimed names such as Ege Sağlam and Lila Kova, alongside Indian talents Freqisht, Voystra, SubKNTKT, MASKERA and ENJEY. The company aims to nurture artists by providing strategic management, bookings, brand collaborations and creative production that enables sustainable career growth. Further strengthening its offering, The White One Production has partnered with BestEve to establish The White One × BestEve Events, delivering premium concerts, club shows, festivals, corporate events, luxury weddings and brand activations through world-class production and seamless event execution.

Reflecting on the successful launch, Saurabh Singh Parihar, Founder, The White One Production, said: “The launch evening was a reflection of everything The White One Production stands for—bringing together artists, creators and industry partners under one roof to celebrate collaboration and creativity. We are grateful for the overwhelming support and excited to begin this journey of creating meaningful opportunities for talent while producing experiences that leave a lasting impact.”

Shekhar Sharma, Co-Founder, The White One Production, added: “The response to our launch has been incredibly encouraging. It reinforces our belief that the industry is ready for an integrated platform that combines artist management, music and video production, creative storytelling and premium live entertainment. This is only the first step, and we look forward to building a strong community around music, culture and innovation.”

With its official launch now complete, The White One Production is set to expand its portfolio across artist management, original music and video production, branded content, live entertainment and experiential events, while building long-term collaborations with artists, brands and creative partners across India and internationally. 

Bharat Tex 2026: India’s Textile Sector Charts a New Path Towards Global Leadership

July 15: Bharat Tex 2026 has emerged as a reflection of India’s ambitious vision to transform the textile sector into a globally competitive and future-ready industry, Prime Minister Narendra Modi said while highlighting the sector’s crucial role in the country’s economic growth.

The Prime Minister said the event represents India’s Vision 2030 roadmap for textiles, focusing on innovation, advanced manufacturing, sustainable practices, and expanding the global footprint of Indian textile products.

Emphasising the importance of the sector, PM Modi noted that textiles are not only linked to India’s rich heritage of craftsmanship but also represent a major opportunity for economic development, entrepreneurship, and job creation.

Bharat Tex 2026 brings together stakeholders from across the textile value chain, including manufacturers, designers, exporters, innovators, and industry leaders, providing a platform for collaboration, investment, and global partnerships.

The Prime Minister highlighted the need to strengthen technology adoption, improve product quality, promote sustainable manufacturing, and empower artisans and businesses to compete effectively in international markets.

With India’s traditional strengths combined with modern innovation, the textile sector is expected to play a key role in achieving the vision of a developed India by creating new opportunities for growth and employment.

Bharat Tex 2026 marks an important milestone in India’s journey to position itself as a leading global textile hub, blending heritage with technology and sustainability for the future.